NOT LISTED FOR SALE

501 SE Davis St McMinnville, OR 97128

2 Beds
1 Bath
8,000 Sq Ft
1974 Built

Last Sold May 29, 2020

Last sale price $960,000 $120 Per Sq Ft

50 Days on Market

Highlights

  • Baseboard Heating
  • Wood Siding
  • 4-minute walk to McMinnville City Park
  • Duniway Middle School Rated A

About This Home

As of May 2020

9 Unit Garden Style Plex in the heart of downtown Mcminnville's historic shopping district. All 2 bedroom 1 bath units, on 2 stories. Tenants pay Electric, Landlord pays water and trash. Offers Subject to Interior Inspection. Please do not disturb Tenants nor walk onto property.Call agent for more info.

Last Agent to Sell the Property

Tod Breslau

Premiere Property Group, LLC License #200204192 Listed on: 03/19/2020

Premiere Property Group, LLC

Last Buyer's Agent

Brian Dorsey

Fathom Realty Oregon, LLC License #201226201

Fathom Realty Oregon, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,144

Year Built

  • Built in 1974

Parking

  • Open Parking

Home Design

  • Wood Siding

Interior Spaces

  • 8,000 Sq Ft Home
  • 2-Story Property

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 164057

Community Details

Overview

  • 9 Units

Building Details

  • Operating Expense $41,736
  • Gross Income $89,634
  • Net Operating Income $47,898

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,144

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1974
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 20,000 SqFt to .99 Acres
  • View: No
  • Road Surface Type: Paved

Garage/Parking

  • Parking Description: Open
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Middle Or Junior School: Other

Lot Info

  • Zoning: multi
  • Parcel #: 164057

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2019
  • Tax Annual Amount: 9143.71

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 9
  • Gross Rent Multiplier: 13.28
  • Annual Gross Income: 89634.0
  • Property Net Operating Income: 47898.0
  • Annual Operating Expense: 41736.0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2020 05/29/20 Sold $960,000 -19.3% $120 / Sq Ft
05/08/2020 05/08/20 Pending -- -- --
03/20/2020 03/20/20 Price Changed $1,190,000 +9.2% $149 / Sq Ft
03/19/2020 03/19/20 For Sale $1,090,000 -- $136 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Tod Breslau

    Premiere Property Group, LLC

    (503) 670-9000

    11 Total Sales

    Tod Breslau
    Section Image
  • Brian Dorsey

    Buyer's Agent in 2020

    Brian Dorsey

    Fathom Realty Oregon, LLC

    (503) 808-0412

    41 Total Sales

    Brian Dorsey
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20483512

Regional Multiple Listing Service (RMLS)
Oregon Yamhill County McMinnville 97128

501 SE Davis St, McMinnville, OR

This home is located at 501 SE Davis St, McMinnville, OR 97128 since 19 March 2020. This property was built in 1974. 501 SE Davis St is a home located in Yamhill County with nearby schools including Sue Buel Elementary School, Duniway Middle School, and McMinnville High School.

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